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Broadcom sharesCNBC
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81% Informative
Broadcom reported fiscal third-quarter results on Thursday that beat Wall Street expectations for revenue and earnings.
Broadcom stock is up 75% in the past year as investors have come to appreciate that the company produces several parts that are required or can be used to create infrastructure for artificial intelligence.
CEO Hock Tan said the company expects to record $12 billion in sales from AI parts and custom chips in fiscal 2024 .
VR Score
92
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97
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